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Greg_In_SF

(1,082 posts)

9. Well, when starting out,

Reply to diane in sf (Reply #7)

Sun Feb 22, 2026, 03:01 PM

16 hrs ago

some make the choice to have no cable TV, Starbucks, eating out, fancy clothes, etc. in favor saving for retirement from a young age.

If you take just the Starbucks alone...take that $100.00 a month and invest it, and you'll have over $200,000 in forty years.

Worked for me. I am amazed that personal finance is not taught in schools. Understanding compound interest will make you rich.

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SilverDawg

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Highlight:

$955 saved for retirement? Millions are in that boat. [View all] Zorro 17 hrs ago OP

I saw this coming 4o years ago when the defined benefit plan went away. OrlandoDem2 17 hrs ago #1

My H has a six figure pension. We are very fortunate. He also maxed out his 403B contribution every year Raftergirl 17 hrs ago #3

You do have options with $955 bucolic_frolic 17 hrs ago #2

WSJ article from years back said actuaries were laughing at transferring the risk to the workers. Norrrm 17 hrs ago #4

Corporate socialism with table scraps for the unwashed multitudes Dave says 13 hrs ago #14

Save and invest Greg_In_SF 17 hrs ago #5

Hard to do when you're not making enough to meet your current living expenses. diane in sf 16 hrs ago #7

Well, when starting out, Greg_In_SF 16 hrs ago #9

The price of a coffee stays the same in 40 yrs? leftstreet 15 hrs ago #12

I certainly Greg_In_SF 10 hrs ago #18

But, but Epstein! ICE! gulliver 17 hrs ago #6

My partner and I..... sweetapogee 16 hrs ago #8

Most importantly, after reading your post, you have a partner who is 100% on the same page.. Deuxcents 15 hrs ago #10

not for one.... sweetapogee 13 hrs ago #15

I appreciate you had the means and luck to be able to save more, haele 15 hrs ago #11

It is all the luck of the draw. valleyrogue 11 hrs ago #17

yes Skittles 10 hrs ago #19

Kind of surprised to see that it is that low. MichMan 13 hrs ago #13

A lot of us are working long past when we wanted to quit. valleyrogue 11 hrs ago #16